UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
The ruling has been delayed in an appeal by the first campaigners found guilty of breaching an injunction against anti-fracking protests.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Three anti-fracking campaigners have failed in their legal challenge to quash Cuadrilla’s injunction against protests at the Preston New Road shale gas site near Blackpool. They said they would seek permission to appeal.
A High Court judge ruled this morning that the government does not have to carry out a new public consultation on its planning policy on fracking.